Judge denies re-trial in Tesla (TSLA) racial harassment case

U.S. releases new guidance on EV tax credit rebate rules

The U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.

Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More

Morgan Stanley suggests keeping an eye on these top auto tech stocks

The automotive industry is undergoing a transformative shift towards the Software-Defined Vehicle (SDV) era, where vehicles are becoming more reliant on sophisticated software systems. This paradigm shift, fueled by an anticipated additional $15 billion semiconductor investment over the next 5-6 years, has captured the attention of investors and industry insiders alike.

SDVs represent a monumental departure from traditional automotive design. These vehicles leverage advanced software to automate an expanding array of services and applications within the vehicle, creating a high-tech marvel on wheels.

Tesla (NASDAQ: TSLA) is undeniably the trailblazer of... More

Hyundai and Kia to adopt Tesla (TSLA) NACS charging connection

Tesla (NASDAQ: TSLA) received news Thursday morning that Hyundai and Kia have decided to embrace the North American Charging Standard (NACS) for their electric vehicles in the United States and Canada.

This move makes them the latest additions to a growing list of companies making the transition, following Honda's decision to adopt NACS in... More

NHTSA holds public hearing to recall 52M air bag inflators

Officials from the U.S. National Highway Traffic Safety Administration (NHTSA) Thursday recommended the government mandate a recall of 52 million air bag inflators manufactured by ARC Automotive and Delphi Automotive.

The regulators believe the inflators pose a potential risk of rupturing and ejecting metal fragments.

The NHTSA held a rare public hearing on the matter, which could trigger one of the most extensive recalls in U.S. history.

Delphi Automotive, which is a part of Autoliv (NYSE: ALV), produced approximately 11 million of these... More

Active options: TSLA AAPL NVDA AMZN PLTR MSFT AMD META

Active options: TSLA AAPL NVDA AMZN PLTR MSFT AMD META

China criticizes EU following formal launch of EV subsidy probe

China raised concerns on Wednesday about the very limited time it was given by the European Union for talks regarding the EU's investigation into subsidies for electric vehicles.

These comments came as the European Commission officially started looking into whether to impose tariffs to shield EU manufacturers from a flood of cheaper Chinese electric vehicles that are believed to benefit from state subsidies.

The... More

Warren Buffet-backed BYD closing in on Tesla (TSLA) EV sales

Tesla's (NASDAQ: TSLA) underwhelming third-quarter delivery figures have opened a door for its nearest competitor, BYD, the Chinese electric vehicle juggernaut backed by Warren Buffett's Berkshire Hathaway, to potentially claim the top spot in the electric car market rankings.

Last quarter, Tesla managed to sell... More

Tesla (TSLA) option IV flat

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 56; compared to its 52-week range of 42 to 96.

Tesla (TSLA) brings back rear-wheel Model Y at discounted price

Tesla Inc. (NASDAQ: TSLA) has reintroduced the rear-wheel-drive version of its Model Y crossover in the United States, following a third-quarter delivery report that didn't meet Wall Street's projections.

The Model Y, introduced for deliveries in March 2020, remains the top-selling model for the... More

Active options: TSLA NVDA AAPL AMZN BA AMD PLTR MARA META INTC

Active options: TSLA NVDA AAPL AMZN BA AMD PLTR MARA META INTC

Tesla (TSLA) PT Lowered to $243 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $243.00 (from $254.00) while maintaining a Hold rating.... More

3 analysts discuss Tesla stock and earnings setup after weak Q3 deliveries

Yesterday, Tesla (NASDAQ: TSLA) reported a total Q3 production of 430,488 vehicles and deliveries of 435,059 EV units.

To provide context, during the second quarter, Tesla had reported total deliveries of 466,140 and total vehicle production of 479,700. In the same period in the previous year, Tesla's total vehicle production was 365,923, with deliveries amounting to 343,830.

During the company's previous earnings call in July, CEO Elon Musk had indicated a target of 1.8 million vehicle deliveries for the full year but expected a slight decline in third-quarter production due to factory upgrades following summer shutdowns.

A... More

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Active options: TSLA NVDA AAPL AMZN AMD META MSFT RIVN PLTR

Tesla (TSLA) PT Lowered to $252 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $252.00 (from $265.00) while maintaining a Neutral rating.... More

S&P 500 slips in volatile trade as surging yields bite

Investing.com -- The S&P 500 fell after swining between gains and losses Monday amid rising Treasury yields as the U.S. averted a government shutdown after agreeing a last-ditch funding measure to keep the government funded.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average slipped 0.3%, 86 points, Nasdaq rose 0.4%.

Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike after the U.S. government averted a shutdown.

The 2-year Treasury yield rose 5.2 points to 5.098%, while the 10-year Treasury... More

Tesla (TSLA) PT Lowered to $310 at CFRA

CFRA analyst Garrett Nelson lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $325.00) while maintaining a Buy rating.

The analyst commented, "We cut our 12-month target by $15 to $310, based on a 2025 P/E of 43x, justified by long-term growth expectations. We lower our... More

Tesla scores Autopilot victory as judge rules owners must use arbitration

By Daniel Wiessner

(Reuters) - In a victory for Tesla, a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court.

The ruling means Tesla will not have to face class action claims on behalf of much larger groups of vehicle owners.

U.S. District Judge Haywood Gilliam in Oakland, California, in a decision issued on Saturday said four Tesla owners who filed a proposed class action last year had agreed to arbitrate any legal claims against the company when... More

Rivian delivers softer-than-expected annual deliveries forecast, shares dip

Investing.com -- Rivian (NASDAQ: RIVN) shares fell in early U.S. trading on Monday after the electric vehicle (EV) startup unveiled an annual deliveries guidance that was below analysts' expectations.

The California-based group maintained its annual forecast for 52,000 deliveries, disappointing Bloomberg consensus... More

Time to load up on mega-caps again - Goldman Sachs

Goldman Sachs portfolio strategist Cormac Conners is telling clients that following the recent correction in mega-caps due to the sharp recent increase in Treasury yields it is time to start buying again ahead of upcoming third-quarter earnings results.

Stocks in focus are mega-caps Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN),... More

Active options: TSLA NVDA AAPL AMZN MARA META PLTR RIVN

Active options: TSLA NVDA AAPL AMZN MARA META PLTR RIVN

Tesla (TSLA) stock falls as Q3 deliveries fall short of analyst estimates

Tesla (NASDAQ: TSLA) reported disappointing delivery numbers for the third quarter after upgrades to its factories over the summer, though analysts see things improving for the last three months of the year.

Tesla shares are down 1.1% after the delivery report.

The electric vehicle maker said it delivered 435,059 vehicles in the quarter, while Wall Street analysts were looking for 456,722.

Model S/X... More

Tesla misses delivery estimates as factory upgrades curb production

By Akash Sriram

(Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China.

Deliveries of the updated and higher-priced Model 3 compact sedan are expected to start in the fourth quarter, while a Cybertruck launch... More

Tesla (TSLA) Deliveries 435,059 in Q3, Est. 456,722

(Updated - October 2, 2023 9:02 AM EDT)

Tesla (NASDAQ: TSLA)... More

Tesla (TSLA) 30-day option implied volatility amid GM, F & STLA headlines

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 55; compared to its 52-week range of 42 to 95.